RATE Group | Cryptocurrency Will Make Web Look like ‘Cute Experiment’: Circle CEO
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Cryptocurrency Will Make Web Look like ‘Cute Experiment’: Circle CEO

13 Oct Cryptocurrency Will Make Web Look like ‘Cute Experiment’: Circle CEO

Posted at 02:01h in Cryptocurrency News by

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Circle CEO Jeremy Allaire

Blockchain unicorn Circle has made a series of strategic moves that all have one theme: to become a dominant force in the world of cryptocurrency. The startup is backed by some of the most influential companies in the sector, and the CEO believes that tokenization is truly the future.

Boston-based Circle is not interested in just one aspect of cryptocurrency. This is evident when one considers the acquisitions that the company, which recently raised $110 million at a $3 billion valuation, has recently made. The company recently acquired the cryptocurrency exchange Poloniex, which many believe is part of a long-term plan to challenge Binance as the top cryptocurrency exchange in the world.

As the stablecoin sector heated up, Circle decided to throw their hat in the ring, launching the USDC stablecoin, pegged to the U.S. dollar. The project is structured as an ERC-20 token on the ethereum blockchain and launched with 30 partners, many of whom are respected and globally-known…

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